CJ CheilJedang

CJ Cheil Jedang
Native name
 씨제이제일제당 주식회사
Public
Traded as KRX: 001041
Industry Food & Food Service
Founded 1953 (1953)
(as Cheil Jedang Co. Ltd.)
Founder Lee Byung-chul
Headquarters Jung-gu, Seoul
Area served
 Worldwide
Key people
 Kim Chul-ha (CEO)
Products Food Ingredients, Food, Pharmaceuticals and Biotechnology
Revenue Increase US$ 10.41 billion (2013)[1]
Increase US$ 331 million (2013)[1]
Increase US$ 112 million (2013)[1]
Total assets Increase US$ 12.48 billion (2013)[1]
Total equity Increase US$ 4.62 billion (2013)[1]
Number of employees
 5,991(2013) non-consolidated in Korea
Parent CJ Group
Website eng.cjcheiljedang.com
Headquarters in Seoul, Korea

CJ Cheil Jedang is a South Korean food company based in Seoul that manufactures food ingredients, food, pharmaceuticals and biotechnology. Its brands include Beksul, Bibigo, CJ Hat Kimchi, DASIDA and Haechandle.

History

CJ Cheil Jedang was founded as 'Cheil Jedang' in August 1953 as a sugar and flour manufacturer and was originally part of Samsung Group, as their first manufacturing business. In July 1993 it spun off from Samsung and gained independent management, changing into a life and culture group with the entrance into the food service and entertainment industries. In 1996 it became the 'Cheil Jedang Group' with the official separation from Samsung Group completed in February 1997.[2]

In October 2002 the CJ Group was launched and the official name changed to 'CJ Co., Ltd'. In September 2007 CJ Co again spun off as a business holding company renamed 'CJ CheilJedang Co., Ltd' and CJ Group became a holding company for a group of food and entertainment-related subsidiaries based in South Korea. It has four main core businesses: Food & Food Service, Bio Pharma, Entertainment Media, and Home Shopping & Logistics; and CJ Cheil Jedang was put under Food & Food Service.[3]

Businesses

Its four main business areas are food ingredients (including sugar, wheat, and oil), food, logistics, and biotechnology (including MSG, lysine), processed food and animal feed.

It has since expanded globally with offices in China, the U.S., the Philippines, Indonesia, Vietnam, Brazil, Australia, Japan, Russia and Singapore.

CJ was recently reported to be in talks with the US Corporation Dendreon who is in trials with a cancer vaccine called Provenge.

See also

References

  1. 1 2 3 4 5 "Cj Cheiljedang Corp (097950:Korea SE)". businessweek.com. Retrieved 2014-04-25.
  2. ↑ Kim, So-hyun (4 March 2013). "CJ rises as beacon of Korean food, shopping, pop culture". Korea Herald. Retrieved 4 March 2013.
  3. ↑ "Company history". CJ Cheil Jedang. Retrieved 9 October 2012.
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